49 Income Statement          
             
             
  Rural and Cooperative Bank Group          
  as of end of periods indicated          
  amounts in thousand Pesos          
             
   
  Selected Accounts Mar-18 Jun-18 Sep-18 Dec-18  
   
  TOTAL OPERATING INCOME   6,396,602.05 12,974,355.90 20,743,676.01 28,628,756.59  
  Interest Income 5,954,015.24 12,136,541.79 18,594,646.33 25,518,205.61  
  Interest Expense 934,745.99 1,875,716.50 2,813,947.04 3,879,363.86  
  Provision for Losses on Accrued Interest Income from Financial Assets 3,060.01 3,248.94 9,876.17 9,922.44  
  Net Interest Income 5,016,209.24 10,257,576.35 15,770,823.12 21,628,919.31  
  Non-Interest income 1,380,392.81 2,716,779.55 4,972,852.89 6,999,837.28  
  (1) Dividend Income 69.67 278.72 362.88 1,775.97  
  (2) Fees and Commissions Income 661,067.49 1,342,416.99 2,850,249.28 3,990,211.22  
  (3) Trading Income 405,698.31 691,025.10 1,022,613.28 1,427,750.80  
  (a) Realized Gains/(Losses) from Sale/Redemption 0.00 0.00 0.00 0.00  
  (b) Unrealized Gains/(Losses) from Marking-to-Market 0.00 0.00 0.00 0.00  
  (c) Realized Gains/(Losses) from FX Transactions 0.00 231.19 2,972.21 13.24  
  (d) Foreign Exchange Profit/(Loss) 2,669.78 4,234.46 5,212.35 4,807.82  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities 615.02 21,704.86 21,841.74 23,266.60  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 391,482.97 646,445.10 950,927.44 1,329,358.57  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 10,930.54 18,409.49 41,659.54 70,304.57  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00 0.00 0.00 0.00  
  (4) Other income 313,444.44 683,058.74 1,099,627.44 1,580,099.29  
  NON-INTEREST EXPENSES 5,148,518.08 10,440,152.85 15,898,389.09 22,238,737.56  
  (1) Compensation/Fringe Benefits 2,281,146.07 4,645,857.63 6,989,985.70 9,893,475.46  
  (2) Taxes and Licenses 437,120.76 840,360.25 1,328,625.79 1,852,376.22  
  (3) Fees and Commissions 100,411.13 169,648.79 226,617.17 239,682.17  
  (4) Other Administrative Expenses 1,632,966.98 3,441,126.55 5,316,106.15 7,534,213.96  
  (5) Depreciation/Amortization 362,507.12 722,010.10 1,076,314.11 1,460,696.90  
  (6) Impairment Losses 8,473.51 18,761.41 29,851.71 47,788.59  
  (7) Provisions 325,892.52 602,388.12 930,888.46 1,210,504.26  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (526,091.24) (768,810.97) (960,382.26) (1,217,293.70)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (563,812.20) (811,910.00) (1,044,267.74) (1,315,043.61)  
  (2) Bad Debts Written Off (7,499.99) (56,962.43) (62,535.92) (110,252.33)  
  (3) Recovery on Charged-Off Assets 45,220.95 100,061.46 146,421.41 208,002.25  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 721,992.73 1,765,392.08 3,884,904.67 5,172,725.34  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method 0.00 57,163.10 85,416.33 130,845.99  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 721,992.73 1,822,555.18 3,970,321.00 5,303,571.33  
  Income Tax Expense 121,857.32 336,901.33 896,066.50 1,349,227.05  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 600,135.41 1,485,653.85 3,074,254.50 3,954,344.28  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00 0.00 0.00 0.00  
  NET PROFIT OR LOSS 600,135.41 1,485,653.85 3,074,254.50 3,954,344.28  
             
Source : Supervisory Data Center, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 29 March 2019